COMPANY INTELLIGENCE PROFILE
Physicswallah Limited
PhysicsWallah (PW) is an Indian edtech company founded by Alakh Pandey, delivering affordable online and offline coaching for competitive exams (JEE, NEET, UPSC, foundation/K-12, upskilling).
Business Overview
PhysicsWallah (PW) is an Indian edtech company founded by Alakh Pandey, delivering affordable online and offline coaching for competitive exams (JEE, NEET, UPSC, foundation/K-12, upskilling). Operates a hybrid model: YouTube-origin online courses plus offline/hybrid "PW Vidyapeeth" and "PW Pathshala" centres across India. ~13,477 employees (TheCompanyCheck). Known for low-price positioning vs premium peers. Source: TheCompanyCheck, Inc42, Wikipedia.
Sector & Classification
Education — educational support services / test-prep & exam coaching. NIC class consistent with CIN prefix U80900 (Education, n.e.c.). Source: Tofler, TheCompanyCheck. (Exact 5-digit NIC not separately confirmed → partial.)
Directors & Key Management
Directors — source notes
Alakh Pandey — Whole-Time Director/CEO, DIN 08755719; Prateek Boob — Whole-Time Director, DIN 07113666 (publicly known as co-founder "Prateek Maheshwari"; shareholding filings confirm Prateek Boob = the second promoter, resolving the name discrepancy); Sandeep Singhal — Nominee Director, DIN 00040491; Deepak Amitabh — Director, DIN 01061535; Rachna Dikshit — Director, DIN 08759332; Nitin Savara — Director, DIN 09398370. KMPs: Amit Sachdeva (CFO), Ajinkya Rajendra Jain (Company Secretary). Source: TheCompanyCheck (DINs), Tofler (officers), Trendlyne (promoter identity).
GST Registrations
Primary/home-state GSTIN (Uttar Pradesh): 09AALCP1681Q1ZK — Active, Regular taxpayer, registered 29 Jul 2020, UP (Prayagraj Sector-14) jurisdiction. PAN: AALCP1681Q. Approx 20-21 GST registrations across states (Delhi 07AALCP1681Q1ZO, Chandigarh 04..., Maharashtra 27..., Rajasthan 08..., Punjab 03..., J&K 01... etc.). NOTE: GST legal name still shows "Physicswallah Private Limited" (pre-conversion) — GST master not yet updated. Source: KnowYourGST, MastersIndia.
Financials
CONSOLIDATED FY2024-25 (audited, reported): Operating revenue ₹2,886.6 Cr (up ~49% from ₹1,940.7 Cr FY24); total income ₹3,039.1 Cr; EBITDA ₹193.2 Cr (turned positive vs ₹-829.4 Cr FY24, margin 6.7%); Net loss ₹243.3 Cr (narrowed ~78% from ₹1,131.1 Cr FY24). Source: Inc42, Entrackr, Equitymaster.
STANDALONE FY2024-25 (Tofler): Total revenue ₹2,495.6 Cr; EBITDA ₹73.3 Cr; PAT ₹-135.6 Cr (loss); Net worth ₹1,972.6 Cr; Total assets ₹4,177.0 Cr; Borrowings Nil; D/E 0.0. Source: Tofler.
Standalone vs consolidated clearly differ (subsidiaries add ~₹390 Cr revenue and larger loss); both reported above.
Funding History
IPO Nov 2025 ₹3,480 Cr (fresh ₹3,100 Cr + OFS ₹380 Cr) at ₹109; listed ₹145 (+33%). Pre-IPO: 2022 Series A ~$100M at ~$1.1B (WestBridge, GSV); 2024 ~$210M (Hornbill, Lightspeed, GSV, WestBridge). Source: Business Standard, Chittorgarh, Inc42, indianstartupnews.
Loans & Charges
Reported total borrowings Nil (Tofler standalone). Sanctioned bank facilities per Tofler charge data ~₹120.8 Cr: CitiBank N.A. ₹60.0 Cr, SBI ₹16.0 Cr, Kotak Mahindra ₹15.0 Cr, HDFC Bank ₹15.0 Cr, ICICI Bank ₹14.8 Cr. Source: Tofler. (Partial — MCA charge register not independently confirmed; mca.gov.in/zaubacorp excluded per rules.)
Credit Ratings
Not obtained. No CRISIL / ICRA / CARE / India Ratings rating for Physicswallah Limited located in available sources. As a largely debt-free, equity-funded (now listed) company, a public bank-loan/instrument rating may not exist. Status: none found.
Legal & Compliance
Delhi High Court matters (Indian Kanoon): (1) Physicswallah Limited vs Nikhil Kumar Singh & Ors — CS(COMM) 70/2026 (Justice Jyoti Singh), 2026; (2) Physicswallah Private Limited vs Vivek Thakur (t/a Scholars Den) — COMM 1074/2024, multiple hearings 2025-26 (commercial/IP dispute, PW as plaintiff); (3) Akash Katyal & Anr vs Physicswallah Ltd & Anr — Delhi HC, 2026. Predominantly commercial / trademark-IP enforcement suits, mostly with PW as plaintiff. Source: Indian Kanoon.
Competitive Landscape
Unacademy (venture-backed edtech unicorn; test-prep + subscription); Allen Career Institute (premium offline JEE/NEET leader, ~large scale); Aakash Educational Services (offline+digital, owned by BYJU'S/Think & Learn); BYJU'S / Think & Learn (K-12, scaled-down but large); Vedantu (online live tutoring, mid-scale); Toppr (K-12, part of BYJU'S). PW differentiates on affordability/hybrid scale. Source: Inc42, Owler, CanvasBusinessModel.
Frequently Asked Questions
What does Physicswallah Limited do?
PhysicsWallah (PW) is an Indian edtech company founded by Alakh Pandey, delivering affordable online and offline coaching for competitive exams (JEE, NEET, UPSC, foundation/K-12, upskilling).
What is the CIN of Physicswallah Limited?
Physicswallah Limited's Corporate Identification Number (CIN) is U80900UP2020PLC129223.
When was Physicswallah Limited incorporated?
Physicswallah Limited was incorporated on 06 June 2020. Source: TheCompanyCheck, Tofler, Falconebiz (via CompanyCheck). and is registered with RoC-Kanpur / Uttar Pradesh. Source: TheCompanyCheck, Tofler..
Who are the directors of Physicswallah Limited?
Directors on record include Prateek Boob (DIN 07113666); Sandeep Singhal (DIN 00040491); Deepak Amitabh (DIN 01061535); Rachna Dikshit (DIN 08759332); Nitin Savara (DIN 09398370).
Where is Physicswallah Limited registered?
The registered office of Physicswallah Limited is at Plot No. B-8, Tower A, 101-119, Noida One, Sector 62, Gautam Buddha Nagar, Dadri, Uttar Pradesh, India, 201309. Source: TheCompanyCheck, Tofler (2 sources agree). NOTE: UP GSTIN record lists an older/variant address (Allahabad/Noida One) — GST records lag..
Information compiled from public registry and secondary sources (as of 2026-07-28). It may be incomplete or dated; verify independently before relying on it. Known gaps: Exact 5-digit NIC code; MCA charge register (excluded sources); full subsidiary/related-party list and RPT figures; any credit rating (none found); GST master still shows pre-conversion "Private Limited" name and older address.